- Dollar To Naira Rate Today December 4 2025 – Official / Black Market
- Official CBN rate remains around ₦1,448 per dollar.
- Narrow gap suggests cautious stability amid ongoing forex demand.
The naira remains under pressure as forex demand persists, with both official and parallel markets showing tight but slightly divergent rates as of Thursday, December 4, 2025. Traders in major cities report continued volatility, though recent stabilisation measures by authorities help cap sharp fluctuations.
Market sources say the black-market (parallel market) dollar rate is trading at around ₦1,455 per dollar in many forex trading centres.
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EKO HOT BLOG reports that on the official side, the Central Bank of Nigeria (CBN)–backed rate hovers near ₦1,448 per dollar, according to data from the Nigerian Foreign Exchange Market.
Dollar to Naira Rates – 4 December 2025
| Market Type | Rate Category | Rate (₦ per USD) |
|---|---|---|
| Black Market | Selling Rate | ₦1,455 |
| Black Market | Buying Rate | ₦1,445* |
| Official (CBN window) | Average / Reference Rate | ₦1,448 |
*Estimated by dealers; actual buying rates may vary by location.
Analysts observe that despite ongoing tightness in dollar supply, the gap between official and black-market rates remains modest, reflecting cautious optimism in the forex market. Importers and travellers should expect some differences in quoted rates depending on the source and volume of trade.
Businesses with dollar obligations may still prefer the official window when accessible, given its relative stability, but many buyers continue to resort to the parallel market, especially for cash transactions or urgent forex needs.
